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Luckin Coffee announced today that it has received additional $150 million new investments based on the Series B-round financing that was completed in November 2018. The company was valued at $2.9 billion after the investment.
On August 18, Chinese variety store Miniso issued a statement in which it apologized for earlier marketing efforts that presented the company as a "Japanese designer brand."
As of the close of December 8, UTour Group's share price was 4.88 yuan and its market value was 4.423 billion yuan.
Redmi will introduce a new member to its Note series smartphone lineup as well as a new smart television on Thursday, Aug. 29.
An employee of Alibaba accused her supervisor of sexually assaulting her during a business trip. Alibaba's CEO Daniel Zhang apologized for the company's sluggish response at the beginning.
Tencent-backed Chinese game-centric live streaming platform Douyu Tuesday reported a 53% year-on-year increase in its total net revenue to $321.1 million in Q1 2020.
On Wednesday, Tianyancha revealed that a wholly-owned subsidiary by Ant Group was formerly established. The new subsidiary has been named Ant Suosuoshu (Hangzhou) Information Technology Co., Ltd.
On August 3rd, Li Auto officially released another version of its six-seater SUV L9 model - the L9 Pro, with a price of 429,800 yuan(60,173 US Dollar), which is 30,000 yuan (4,200 US Dollar) cheaper than the L9 MAX version priced at 459,800 yuan (64,373 US Dollar).
On December 11th, China Literature announced the acquisition of Tencent Animation and Comics' related business and IP assets for 600 million yuan.
Leading Chinese tech firm Alibaba announced it would donate 125 million yuan ($18.4 million) to equip more than 600,000 village clinics with two oximeters, basically achieving full coverage in rural areas.
Recently, the 7th Future Network Development Conference was officially held. At this conference, Peng Song, Senior Vice President of Huawei and President of ICT Strategy and Marketing, delivered a keynote speech. In his speech, Peng Song revealed his predictions on the development speed of autonomous driving.
Faraday Future announced on January 8 that its FF91 model completed a 250-mile long-distance road test at the Consumer Electronics Show (CES), held annually in Las Vegas.